SPR Auto Technologies Ltd (BOM:544344)

Q1 2027 SPR Auto Technologies Ltd Earnings Call Transcript

Aug 5, 2026 / 10:30 AM GMT

Release Date Price: ₹4433.3 (+2.05%)

Transcript

Key Points

Positve

SPR Auto Technologies Ltd (NSE:SHRIPISTON) delivered a strong Q1 FY27 with 51% year-on-year growth in consolidated total income and 27% growth in consolidated EBITA, despite a challenging industry backdrop.
The company successfully completed the acquisition of the Piston Manufacturing plant from Sunbeam Lightweighting Solutions, strengthening its piston manufacturing capacity to meet growing demand.
The powertrain-agnostic businesses now contribute over 35% of consolidated total income, with nearly 60% of the overall business insulated from EV penetration impact, reflecting successful diversification.
The electric motor and controller business has consistently exceeded targets, doubling its turnover last year, and the high-precision injection molded components business witnessed significant growth during the quarter.
The company has secured multiple ESG certifications and awards, including a CDP B rating, TUE certified sustainability assurance, and an ECOVID bronze medal, reinforcing its commitment to responsible business practices.
Management confirmed readiness for higher ethanol blends (up to E85) with tested products and sufficient capacity, positioning the company to capitalize on future flex-fuel opportunities.
The automotive interiors business (Antolin) has improved margins from high single digits to early-to-mid teens, driven by synergies and cost structure improvements, with further upside expected.

Negative

SPR Auto Technologies Ltd (NSE:SHRIPISTON) experienced a temporary margin gap due to elevated commodity prices, with a one-quarter time lag for price adjustments with customers, impacting profitability.
Consolidated profit before tax grew only 7% year-on-year and profit after tax grew 9%, reflecting higher finance costs from funding the acquisitions of automotive interiors and lighting businesses.
Exports have been significantly affected by geopolitical tensions, particularly in Europe, the US, and the Middle East, with slow recovery expected and continued supply chain ambiguities.
The company's standalone legacy business growth of ~12% lagged the industry's manufacturing growth of ~14%, partly due to a product mix shift towards smaller, lower-value vehicles post-GST 2.0.
The company faced a ₹30 crore EBITDA impact from commodity costs and interest expenses, which management expects to normalize but has not yet fully recovered.
The first quarter typically sees a lag in aftermarket business and higher employee costs due to annual wage hikes effective April 1, which negatively impacted sequential EBITDA margins.
Management declined to provide specific revenue or margin breakups for key segments like EMFI and non-auto businesses, citing dynamic growth, which limits transparency for investors.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SPRU.NS - SPR Auto Technologies Ltd
Q1 2027 SPR Auto Technologies Ltd Earnings Call
Aug 05, 2026 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to SPR Auto Technologies Limited Q1 FY27 Earnings Call.

As a reminder, all participant clients will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference call, please signal an operator by pressing then 0 on your touchstone phone.

Please note that this conference is being recorded.

Today from the management, we have with us Mr. Krishna Kumar Srinivasan, Managing Director and Chief Executive Officer and Mr. Prem Rathi, Executive Director and Chief Financial Officer.

Before we begin, let me remind you that this discussion

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